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Erick Trivedi Closely Held Business Law Blog on Lawyers.com
control of the business??? Florida Law
Monday, February 9, 2009 by Erick Trivedi
I frequently get phone calls from minority shareholders in small companies who have given up their rights in a company because they mistakenly believed that their interest had only nominal rights.
In fact, they are usually shocked to find out that Florida Courts have ruled that the majority shareholders owe a very special duty to the minority shareholders so as not to undermine their reasonable expectation in sharing the business. The most common context for this occurs in small family business when, for example, sibiling owners begin to power struggle.
Posted at 18:04 PM
Topic:
Closely Held Business Law
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